NYSE MKT: GSS

Price: 0.71 Volume: 961,201 Change: +0.00 % Change: +0.2% August 18, 2017

Gold

Price: 1,285.25 Volume: Change: -3.51 % Change: -0.27% August 18, 2017

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2016 National Mines Safety and First Aid Award Winners

The National Mines Safety and First Aid Competition is a national event held annually that aims to create awareness on the importance of safe practices and effective emergency response. Golden Star was awarded the second prize in 2016, having missed out on first prize by a narrow margin.

2015 National Safety Awards Winners

For the third consecutive year Golden Star Resources - Wassa first aid team won the National Safety Competition in Ghana. The team was also awarded Best Improved Mine for Health and Safety and Best Mine for Occupational Injury Statistics by the Inspectorate Division of the Minerals Commission.

2014 National Safety Awards Winners

In November 2014, Golden Star Resources - Wassa team had great success at the National Safety Competition in Ghana. The team won overall Best Mine in Safety and First Aid Award as well as the Second Best Mine in Community First Aid Team Award at the National level. Wassa also won the Best Mine on Accident statistics Award; Second Best in HSE Audit Award and Second Best Community First Aid team Award in the zonal competitions.

Golden Star Resources - Bogoso team came away with three awards, one national and two zonal. They were awarded Fourth Mining Company in Safety and First Aid Competition at the National Safety Finals Competition. At the zonal competition, they won Third Best Award for an improved Mine based on Occupational Injury Performance and the Third Best Mine based on Accident Statistics.

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Please note the information presented is given as at the date and the time of its original release. Changes in such historical information may occur due to adjustments in accounting and reporting standards & procedures.

Non-GAAP Information

Golden Star also uses certain non-International Financial Reporting Standards (“IFRS”) financial measures as defined in applicable Canadian and United States securities laws ("non-GAAP measures"), including the terms “cash operating cost per ounce”, “all-in sustaining costs”, “cash generated from operations before working capital changes”, “adjusted net (loss)/income attributable to Golden Star shareholders and “adjusted net (loss)/income per share attributable to Golden Star shareholders”. Golden Star believes that these measures are similar to the measures of other gold mining companies, but may not be comparable to similarly titled measures in every instance. In addition, changes in numerous factors including, but not limited to, Golden Star’s share price, risk free interest rates, gold prices, mining rates, milling rates, ore grade, gold recovery, costs of labor, consumables and mine site general and administrative activities can cause these measures to increase or decrease.

Golden Star believes these measures are useful non-GAAP operating measures and supplement the IFRS disclosures made by the Company. These non-GAAP measures are not representative of all of Golden Star's cash expenditures and there are material limitations associated with the use of such non-GAAP measures. Since these non-GAAP measures do not incorporate all non-cash expense and income items, changes in working capital and non-operating cash costs, they are not necessarily indicative of operating profit or cash flow from operations as determined under IFRS.

The non-GAAP information is not prepared in accordance with IFRS and may not be comparable to non-GAAP information used by other companies. The non-GAAP information should not be viewed in isolation or as a substitute for, or superior to, other data prepared in accordance with IFRS. For an explanation of the Non-GAAP financial measures used by the Company, please refer to the heading “Non-GAAP Financial Measures” in the Company’s Management Discussion and Analysis of Financial Condition and Results of Operations for the Three Months ended March 31, 2014 and the Company’s Management Discussion and Analysis of Financial Condition and Results of Operations for the Year Ended December 31, 2013, available at www.sedar.com.